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Silanis Technology, the leader in e-signature process management, announced today that it will host a free, live webcast with featured guest Forrester Research to discuss the role of e-signatures in e-commerce initiatives. Ellen Carney, Senior Analyst, Technology Industry Strategy at Forrester Research and Michael Laurie, VP of Strategic Development at Silanis, will present an industry update and share best practices for implementing electronic signatures in banking. The 60-minute webcast will take place on Thursday, June 25 at 2:00 pm (EST).

“In the push to make operations more efficient and reduce costs, banks will continue to shed headcount and close branches states a Forrester report entitled North American Bank IT Spending in 2008. That means banks will be looking to make their remaining employees, including the IT organization, even more productive.” In an additional report, Industry Essential: The US Retail Banking Market, Forrester focuses on the impact of technology, “Banks will focus on technology solutions that can better integrate and automate banking business processes, reducing errors and not-in-good order (NIGO) business.”

E-Signature process management solutions offer a strategic way to address these challenges. From consumer loan originations and account openings, to mortgage closings and securitization of assets, e-signatures make it possible for banks to execute transaction paperwork, without the paper. Many leading banks and lending institutions have already adopted e-signatures across multiple product lines, processes and channels, resulting in substantial benefits, including:

Silanis Technology is the leading provider of e-signature process management solutions. The world’s leading insurance and financial services companies, major government agencies, integrators and service providers depend on Silanis to accelerate business transactions and reduce costs while improving compliance with legal and regulatory requirements. The company’s electronic signature platform, ApproveIt

Silanis Technologies, the chief in company electronic signature answers for the fiscal business, today declared a new digital vault administration technique for safeguarding the worth of electronic contracts through their lifecycle. Named ApproveIt

Silanis Engineering nowadays exposed that it is the electronic signature and vault supplier driving ADP Seller Services’ Digital Contracting solution in the U.S. Named ApproveIt Web Server, the solution allows automobile buyers, dealers, loan companies and investors to participate in a fully automated financing approach in which all sales and funding documents can be processed electronically, such as the archival, pooling, and securitization of contracts.

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Reducing the inefficiencies of paper from the approach will offer immediate advantages to everyone involved. Purchasers will commit significantly less time waiting for and signing the twenty five+ paperwork essential to buy a automobile and implement for a bank loan. Dealers will invest much more time with clients, although publishing contracts more swiftly and accurately to lenders, resulting in more quickly funding. Lastly, creditors will devote less time verifying retail installment contracts since the info contained in will be comprehensive, and match the phrases of the mortgage approval.

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“For far more than twenty five years, dealers have turned to ADP to aid their F&ampI processes,” mentioned Paul Rindone, Vice President of the Economic Solutions division of ADP. “Our Electronic Contracting resolution helps make the contracting method quicker, a lot more correct and full.”

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Silanis’ solution permits ADP to combine legally enforceable, digital signatures, safe vaulting, and authoritative copy administration into their technological innovation giving with no altering the workflow that consumers, sellers, loan companies and buyers are common with.

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F&ampI professionals continue to manual consumers by means of the evaluation and signing approach of paperwork, but relatively than indication the contracts with pen and paper, clients can use the digital signature pad presented by the Silanis’ solution. Since the accredited bank loan conditions are instantly included to the corresponding electronic contract, the quantity of mistakes and data omissions are significantly lowered.

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After the offer is finalized in the back workplace, clerks can then electronically transmit the agreement to loan providers. Silanis’ electronic vaulting resolution permits exterior functions to confirm a non-authoritative duplicate of the electronic deal and authenticate its contents, which includes the signatures and the data that has been signed. Just as in the paper planet, ownership of the contracts can be transferred based mostly on UCC 9-one zero five needs.

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The basis for Silanis’ platform is ApproveIt – a sixth generation engineering that brings together the security of a electronic signature with a legally enforceable method and superior usability features. This exclusive ‘docu-centric’ approach completely embeds the electronic signature and creates a corresponding audit path inside the files so that they stay secure as they travel from person to user and method to technique. This also enables Silanis’ platform the adaptability and seamless integration with the vehicle-finance industry’s existing organization procedures.

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The ApproveIt platform consists of two solutions for the automotive sector: ApproveIt

Silanis Technological innovation, the top digital signature supplier, these days announced growing use of its Net-primarily based signing resolution for digital contracting by a significant global captive car finance organization.

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In 2004, recognizing the rewards of e-signatures, this luxury automobile manufacturer’s lending division started using Silanis’ options to lower processing times for finish-of-lease paperwork. The initiative’s success led the business to search at other opportunities to enhance functions and consumer support with e-signatures.

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“This customer is acknowledged for its motivation to exceptional support at each and every client contact stage, regardless of whether online, at the dealership or above the phone,” mentioned Richard L. Warren, CEO, Silanis.

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“Silanis’ answers are a all-natural decision in this situation, because our flexible organization suite supports the extremely distinct demands of many car finance processes.”

Silanis Technology’s next-generation Electronic Signature Method Administration (ESPM) resolution, ApproveIt Net Server 3., , has been selected by Open Dealer Exchange, a recently fashioned joint venture amongst sector leaders ADP Dealer Solutions and The Reynolds and Reynolds Company to offer e-contracting options. Silanis’ answers will permit a entirely automated financing process in which all income and financing files will be processed electronically, such as the generation and storage of legally compliant digital mortgage contracts. This new settlement consists of ApproveIt Internet Server three.0e-signature procedure management answer and ApproveIt Transferable Documents Supervisor answer.

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Open Dealer Trade was introduced before this year to support loan companies far better integrate the financial loan origination procedure which consists of credit software processing, deal data integration and e-contracting, into an car dealer’s transactional, point-of-sale system. The aim is to improve operational efficiencies ensuing in a more rapidly, a lot more accurate revenue approach. Silanis performs a important position in e-contracting success by transforming a guide, paper-based procedure to a entirely digital, World wide web-based e-transaction.

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Tommy Petrogiannis, Silanis’ President, remarked, “We are viewing a substantial enhance in desire from lending corporations this kind of as ODE that are leveraging e-signatures and e-vaulting engineering to total straight via processing and materially lessen the cycle time and expense connected with each and every transaction.”

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Silanis’ solutions permit Open up Vendor Trade to integrate digital signature abilities, protected vaulting, and authoritative duplicate management into the dealership’s current workflow. External functions can also confirm a non-authoritative copy of the digital deal and authenticate its contents, like the signatures and the knowledge that has been signed. Ownership of the contracts can be transferred electronically in compliance with UCC nine-one hundred and five demands.

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“Open Vendor Trade was fashioned to bring greater possibilities and efficiencies to the vehicle lending process and we are fired up about the capabilities Silanis supplies to help obtain these goals,” states Marty Zwolan, Vice President of Product sales for Open up Vendor Exchange.

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Lenders, dealers and purchasers alike will gain from the system’s straight-by means of processing capabilities. Lenders will commit significantly less time verifying retail instalment contracts since the info contained therein will be comprehensive, and match the phrases of the loan approval. Sellers will invest more time with consumers, although distributing contracts far more swiftly and properly to loan companies, resulting in faster funding and customers will commit less time waiting around for and signing the multiple paperwork essential to obtain a automobile and use for a financial loan.

Silanis Technologies, the leader in digital signature approach administration, nowadays introduced that the newest release of ApproveIt eVault Manager allows house loan vendors, vehicle-financers and equipment leasers to go much more rapidly to straight by means of processing of e-contracts and e-mortgages. Already adopted by Open Dealer Trade, Stewart Title, main finance companies and loan companies, the answer reduces the cycle moments, expenses, data problems and risks of marketing, securitizing and syndicating financial loans, leases and mortgages.

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The new, completely ready-to-use portal and management console offers a turnkey solution for accessing the complete features of the ApproveIt eVault Manager the place the e-contracts and e-home loans can be securely transferred amongst electronic vaults, and then stored, managed, and verified electronically as being authoritative copies beneath ESIGN, UETA and UCC 9-a hundred and five specifications. With the new console, doc custodians, loan providers, traders, dealers, auditors and other staff can access files in the e-vault according to their permission ranges in buy to carry out various functions for which they are licensed.

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Offering, securitizing and syndicating financial loans, leases and mortgages include a intricate system of pricing and approvals that qualified prospects to elevated hazards, larger fees and a deficiency of transparency when processed manually in paper format, said Tommy Petrogiannis, President and Co-Founder of Silanis Technological innovation. The ApproveIt eVault Supervisor gets rid of these problems by enabling a financing transaction to be processed electronically from begin to complete.

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Financial loans, leases and mortgages that are signed electronically utilizing Silanis companion solution, the ApproveIt Net Server, can be transferred electronically from the point of sale immediately to an e-vault making use of ApproveIt eVault Manager. This gets rid of prolonged transport delays and fees, and decreases the threat of terms and problems on loan files currently being distinct from the application which results in the bank loan currently being delayed and paperwork being returned for re-functions. Making use of Smart files for e-home loans, notes can be transferred in from other e-closing systems as properly.

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ApproveIt eVault Manager guards these higher worth records during their lifetime as possession is transferred in between a variety of events and electronic vaults with the assurance that they are the authoritative copies. Authorized manage is preserved throughout development, storage, and transfer by making sure that a solitary authoritative copy of the file is exclusive and identifiable permitting only the secured party or its designated custodian to transfer, retailer, or change the discovered assignee of the authoritative duplicate and assuring the document can not be altered, besides as permitted, and identifying unauthorized revisions and non-authoritative copies

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ApproveIt eVault Manager is based on a registry that securely tracks the assignment and spot of financial loans, leases and mortgage loan contracts. It also performs all needed functions on the files stored in the technique. E-Vault storage is dealt with by means of a database that is in switch managed by the registry. Documents can be encrypted for additional security and numerous storage databases can be managed by a solitary registry allowing segregated storage for multiple lenders and buyers.

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The new ApproveIt eVault Supervisor Console enables corporations to get to market place more rapidly by providing a all set-to-use portal and management console for accessing the options potent administration, transaction, pooling, search, and overview and audit features. System directors, for case in point, can now simply configure the answer, register consumers and assign roles and permissions making use of the administration console. Registered users can sign-up files or and transfer possession or place by means of the portal. Pooled functions can also be effortlessly produced and assigned making use of the portal, and records can be swiftly searched, reviewed and audited.

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Keeping an conclude-to-stop electronic approach from mortgage closing appropriate by way of to securitization positive aspects all parties involved, explained Petrogiannis. Lenders acquire funds faster, although debtors reduce their dangers by getting greater visibility into the top quality of financial loans.

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About Silanis&#thirteen

Silanis Technology is the major company digital signature procedure administration remedies. The worlds premier insurance coverage and fiscal companies companies, significant govt businesses, integrators and services vendors count on Silanis to speed up business transactions and decrease expenses even though enhancing compliance with lawful and regulatory requirements. The companys digital signature platform, ApproveIt

Silanis Technologies, the chief in Digital Signature Process Management, nowadays declared that it is a finalist for IBMs Lotusphere CTO Innovation award based on e-SignLive and e-SignRoom, two new e-signature method management services that Silanis has launched for LotusLive.

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The CTO Innovation award acknowledges IBM Enterprise Companions who are foremost the technologies demand by exploiting the most current capabilities of LotusLive and WebSphere Portals in thrilling, new ways that stand out over their peers. e-SignLive and e-SignRoom have attained Silanis a finalist placement due to the fact they bridge the gap in between enterprise collaboration and organization process management to empower the industrys first collaborative e-commerce system.

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Silanis and IBM announced an arrangement for the duration of Lotusphere 2010 that would see Silanis new e-SignLive and e-SignRoom e-signature approach management providers integrated with IBM LotusLive to empower business users, buyers and associates to electronically overview, modify and signal documents in a secure, compliant and collaborative, on-demand from customers atmosphere.

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The solutions guidebook all parties via an digital document overview and signing process, although making sure documents are not able to be returned if they are missing any data, signatures or initials. Additionally, the companies create powerful Digital Evidence of what took location for the duration of the online method for authorized and audit reasons. The complete ceremony takes place in a world wide web browser so that no plug-ins, further software program or unique hardware are essential. This easy click on-to-indication, browser-dependent method can make it possible for any person to participate in an digital signing ceremony, and assures large user adoption.

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Canderel, a single of Canadas biggest genuine-estate builders, will turn out to be a beta buyer of the joint solution. Canderel will bring organization partners and traders from around the entire world to the LotusLive on the internet collaboration platform to shut large value, commercial true estate advancement assignments making use of the built-in e-SignRoom providers.

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We are incredibly honored to have obtained this prestigious recognition from IBM, mentioned Dr. Robert Al-Jaar, Govt Vice President and Main Technology Officer of Silanis. More and more companies are looking to perform mission-critical enterprise transactions with their global associates in excess of the net in order to accelerate human procedures and boost productivity. E-signatures make this attainable by enabling signatures to be captured electronically wherever, whenever, anyplace and by anyone.

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Silanis has reached a amount of business firsts, like the very first web-based mostly, zero-obtain resolution created for processing buyer purposes, and a single of the very first integrated e-signature and e-vaulting answer to process consumer financial loans from origination to securitization. In 2009, Silanis released the worlds first e-signature procedure administration solution. E-signature method management goes over and above straightforward signature capture to execute transactions electronically from begin to finish. The remedy has been adopted by some of worlds leading insurance, lending and authorities companies.

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About Silanis&#13

Silanis Technologies is the leading service provider digital signature process management answers. The worlds biggest insurance policy and fiscal providers companies, significant govt organizations, integrators and service vendors rely on Silanis to speed up company transactions and minimize charges whilst strengthening compliance with lawful and regulatory specifications. The companys digital signature system, ApproveIt